Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle sold 7,125 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $87.39, for a total transaction of $622,653.75. Following the transaction, the chief executive officer now owns 241,024 shares in the company, valued at $21,063,087.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Stephen Trundle also recently made the following trade(s):
- On Friday, January 15th, Stephen Trundle sold 15,000 shares of Alarm.com stock. The shares were sold at an average price of $98.79, for a total transaction of $1,481,850.00.
Shares of ALRM stock opened at $85.73 on Thursday. The business’s fifty day moving average price is $88.94 and its 200 day moving average price is $82.24. The firm has a market capitalization of $4.25 billion, a PE ratio of 57.54, a P/E/G ratio of 4.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.67 and a quick ratio of 4.19. Alarm.com Holdings, Inc. has a 1-year low of $40.48 and a 1-year high of $108.67.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Alarm.com by 3.9% during the 4th quarter. BlackRock Inc. now owns 7,372,030 shares of the software maker’s stock valued at $762,636,000 after acquiring an additional 274,997 shares during the period. Riverbridge Partners LLC raised its stake in shares of Alarm.com by 9.0% during the 4th quarter. Riverbridge Partners LLC now owns 1,832,931 shares of the software maker’s stock worth $189,617,000 after buying an additional 151,430 shares during the last quarter. Norges Bank acquired a new stake in Alarm.com in the 4th quarter valued at about $73,541,000. Motley Fool Wealth Management LLC grew its stake in Alarm.com by 1.1% in the 4th quarter. Motley Fool Wealth Management LLC now owns 363,622 shares of the software maker’s stock valued at $37,617,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Alarm.com by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 338,200 shares of the software maker’s stock valued at $34,987,000 after acquiring an additional 30,000 shares in the last quarter. 93.36% of the stock is owned by institutional investors.
ALRM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. began coverage on shares of Alarm.com in a research report on Tuesday. They set a “neutral” rating and a $100.00 price objective for the company. Roth Capital raised their price objective on shares of Alarm.com from $75.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, January 21st. Maxim Group boosted their target price on shares of Alarm.com from $79.00 to $120.00 in a research note on Friday, February 26th. Raymond James raised their price target on Alarm.com from $75.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 4th. Finally, Imperial Capital raised Alarm.com from an “in-line” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $94.78.
Alarm.com Company Profile
Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.
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